Short Interest in BAE Systems plc (OTCMKTS:BAESY) Decreases By 54.1%

BAE Systems plc (OTCMKTS:BAESY) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 6,700 shares, a decrease of 54.1% from the November 15th total of 14,600 shares. Based on an average daily trading volume, of 493,200 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of BAE Systems

Several institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its stake in BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock valued at $307,000 after acquiring an additional 1,042 shares in the last quarter. Atlas Capital Advisors LLC grew its position in shares of BAE Systems by 68.9% during the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 1,650 shares in the last quarter. Altrius Capital Management Inc increased its holdings in shares of BAE Systems by 2.3% in the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after purchasing an additional 2,470 shares during the last quarter. Dorsey Wright & Associates lifted its position in shares of BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after buying an additional 5,936 shares in the last quarter. Finally, Principal Street Partners LLC lifted its position in shares of BAE Systems by 99.0% in the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 8,769 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

BAE Systems Stock Down 1.6 %

Shares of BAESY stock traded down $1.00 on Friday, hitting $60.35. 131,624 shares of the stock traded hands, compared to its average volume of 248,291. BAE Systems has a 52 week low of $53.94 and a 52 week high of $72.81. The firm has a 50 day simple moving average of $66.23 and a two-hundred day simple moving average of $67.42.

BAE Systems Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, October 25th were given a $0.6333 dividend. The ex-dividend date was Friday, October 25th.

Analyst Upgrades and Downgrades

Separately, Bank of America reiterated an “underperform” rating on shares of BAE Systems in a research note on Friday, November 29th.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.